Applied Digital plans to raise $2.35B through a private placement of senior secured notes by it's subsidiary.
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Promote with Leviathan NewsTL;DR: Applied Digital priced a $2.35B senior secured notes offering at 9.25% interest, due 2030. The funds will help build two major data centers (100MW + 150MW) at its North Dakota campus, repay existing debt, and cover project costs. The notes are backed by first-priority liens on key assets and subsidiaries. Offering closes around Nov 20, pending conditions.
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